We expect a good cotton and signs are already there. With this there will be certainly good export of yarn and garments in 2014. China is already importing a lot of cotton yarn, particularly up to 60s count.
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Indian textile industry is the second largest in the world, next to China. But the gap between the No 1 and No 2 is huge. If we go back to the 50s, India used to have a larger market share in the textile & clothing – say about 13 per cent.
The Maharashtra Textile Department has planned to offer packages for textile projects in Vidarbha region with a projected investment to the tune of Rs 1,800 crore with an aim to generate 15,000 jobs.
We expect a good cotton and signs are already there. With this there will be certainly good export of yarn and garments in 2014. China is already importing a lot of cotton yarn, particularly up to 60s count.
We expect a good cotton and signs are already there. With this there will be certainly good export of yarn and garments in 2014. China is already importing a lot of cotton yarn, particularly up to 60s count.
ndian textile industrys future is looking bright. In the last 8-month, there is a 17 per cent growth in apparel export. In textile fabric, the growth is 18 per cent. Last 3 years were bad for us, but 2013 started working well for the industry.
Year 2013 was the recovery year for Indian textile industry after sluggish financial years 2011 & 2012. The time was greatly supported by worldwide lower cotton prices, lower raw material price volatility, highest cotton crop production in 2012